Portfolio Administration. In furtherance of the provisions of Section 2.1 hereof, the Sponsor further specifically authorizes and directs the Trustees:
(a) Determination of Dilution, Merger or Acceleration Adjustments. Upon receipt of any notice pursuant to Section 5.4(b) of the Contracts of an event requiring an adjustment to the Exchange Rate, or upon otherwise acquiring knowledge of such an event, to calculate the required adjustment and furnish notice thereof to the Collateral Agent and the Sellers, or to request from the Sellers such further information as may be necessary to calculate or effect the required adjustment;
Portfolio Administration. In furtherance of the provisions of Section 2.1 hereof, the Sponsor further specifically authorizes and directs the Trustees:
Portfolio Administration. 9 SECTION 2.5
Portfolio Administration. The AIFM has not delegated the investment decisions.
Portfolio Administration. In furtherance of the provisions of Section 2.1, the Sponsor further specifically authorizes and directs the Trustees:
Portfolio Administration. In furtherance of the provisions of Section 2.04 hereof, the Sponsor further specifically authorizes and directs the Trustees:
(a) DISTRIBUTION OF ADSs UPON THE OCCURRENCE OF AN EXCHANGE EVENT. To distribute ADSs, if any, to the Holders as soon as possible after they are received by the Trust pursuant to the ADSs Purchase Contract as follows:
(i) if the TrUEPrS are evidenced by one or more global Certificates and the ADSs received by the Trust are to be evidenced by one or more global Certificates, then such ADSs will be delivered to, and registered in the name of, DTC or its nominee for the benefit of the beneficial owners of interests in the TrUEPrS;
(ii) if the TrUEPrS are evidenced by one or more global Certificates and the ADSs received by the Trust are to be in the form of definitive Certificates, then such ADSs will be delivered to, and registered in the name of, such persons and at such addresses as DTC or its nominee shall direct in writing; or
(iii) if the TrUEPrS are evidenced by definitive Certificates and the ADSs received by the Trust are to be in the form of definitive Certificates, then such ADSs will be delivered to, and registered in the name of, the Holders at their respective addresses set forth in the register maintained by the Paying Agent. The Trust may require the Holders to pay a sum sufficient to cover any tax or other governmental charges that may be imposed with respect to any such distribution.
Portfolio Administration. In furtherance of the provisions of Section 2.1, the Settlor further specifically authorizes and directs the Trustees:
Portfolio Administration. Subject to the direction and control of the Board of Trustees of the Fund and to the extent not otherwise the responsibility of, or provided by, the Fund or other supply agents of the Fund, MBIA-MISC shall provide the following administrative services:
a. Supply;
(1) office facilities (which may be in MBIA-MISC's or its affiliates' own offices);
(2) non-investment related statistical and research data;
(3) executive and administrative services;
(4) stationery and office supplies at Fund expense; and
(5) corporate secretarial services, such as the preparation and distribution of materials at Fund expense for meetings of the Board of Trustees or shareholders.
b. Prepare and file, if necessary, reports to shareholders of the Fund and reports with the SEC, including, but not limited to, preliminary and definitive proxy materials, registration statements and post-effective amendments to the Fund's registration statement, annual and semi-annual reports on Form N-SAR and Form N-CSR;
c. Monitor the Fund's compliance with the investment restrictions and limitations necessary for the Fund to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") or any successor statute;
d. Monitor sales of the Fund's shares and ensure that such shares are properly registered as required by the SEC;
e. Prepare and distribute to appropriate parties notices announcing the declaration of dividends and other distributions to shareholders;
f. Prepare financial statements and footnotes and other financial information with such frequency and in such format as required to be included in reports to shareholders and the SEC;
g. Review sales literature and file such with regulatory authorities, as necessary;
h. Provide personnel to serve as officers of the Fund if so elected by the Board of Trustees.
Portfolio Administration. Subject to the direction and control of the Board of Trustees (the "Trustees") of the Fund and to the extent not otherwise the responsibility of, or provided by, the Fund or other supply agents of the Fund, Roxxxx Xquare shall provide the following administrative services:
(i) office facilities (which may be in Roxxxx Square's or its affiliates' own offices); (ii) non-investment related statistical and research data; (iii) executive and administrative services; (iv) stationery and office supplies at Fund expense; (v) corporate secretarial services, such as the preparation and distribution of materials at Fund expense for meetings of the Trustees; and (vi) Distribution of Trustees' and Officers' questionnaires.
b. Prepare and file, if necessary, reports to shareholders of the Fund and reports with the SEC, state securities commissions and Blue Sky authorities, including preliminary and definitive proxy materials, post-effective amendments to the Fund's registration statement, Rule 24f-2 Notices, Form N-SAR filings, and prospectus supplements;
c. Monitor the Fund's compliance with the investment restrictions and limitations imposed by the 1940 Act, and applicable regulations thereunder, the fundamental and non-fundamental investment policies and limitations set forth in the Prospectus and SAI, and the investment restrictions and limitations necessary for each Portfolio of the Fund to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") or any successor statute;
d. Monitor sales of the Fund's shares and ensure that such shares are properly registered as required with the SEC and applicable state authorities; e. Prepare and distribute to appropriate parties notices announcing the declaration of dividends and other distributions to shareholders; f. Prepare financial statements and footnotes and other financial information with such frequency and in such format as required to be included in reports to shareholders and the SEC;
g. Review sales literature and file such with regulatory authorities, as necessary; h. Provide information regarding material developments in state securities regulation; and i. Provide personnel to serve as officers of the Fund if so elected by the Trustees.
Portfolio Administration. Subject to the direction and control of the Board of Trustees of the Trust and to the extent not otherwise: the responsibility of, or provided by, the Trust or other supply agents of the Trust, Andover shall provide the following administrative services:
